Don't Believe the Fiscal Cliff Hype

For the past week, GOP lawmakers have been falling over themselves to move away from Grover Norquist, pied piper of low tax rates on rich people (see Daily Meme. Tennessee Senator Bob Corker said that he was not “obligated on the pledge,” and Georgia Senator Saxby Chambliss followed suit, telling a local TV station that he cares “more about his country” than a “20-year-old pledge.” Likewise, South Carolina Senator Lindsay Graham declared that he would violate his promise for the good of the country, only if Democrats will "do entitlement reform."

On the face of it, this is both high-minded and politically realistic. The Norquist pledge is a bad idea; it hampers legislators as they attempt to solve a series of fiscal problems. And while it’s old news at this point, it is true that President Obama won re-election, and on a message of higher taxes, no less! You could read these statements as a declaration that some Republicans, at least, are ready to work with the president.

Unfortunately, you’d be wrong. As loud as Republicans have been about bucking the Norquist pledge, none have actually signaled support for higher tax rates on the rich. Instead, they’ve turned the conversation toward closing loopholes as a way of raising revenue. And in the case of Lindsay Graham, the precondition for cooperation is for Democrats to support Bush-era tax rates!

This is the opposite of cooperation, and a sign that Republicans are still committed to keeping tax rates low on the rich. The only difference, now, is that they’ve decided to stay quiet about it.

So They Say

"I know that it’s unattractive and bad form to say 'I told you so' when one’s advice was ignored yet ultimately proved correct. But in the wake of the Republican election debacle, it’s essential that conservatives undertake a clear-eyed assessment of who on their side was right and who was wrong. ... Honest to God, I am not a liberal or a Democrat. But these days, they are the only people who will listen to me."

Daily Meme: Read My Lips, No More Norquist

Have you heard? Grover Norquist, whose tax pledge is the iron curtain Republican lawmakers just can't escape from, is quite confident that the fiscal cliff won't cause any of his disciples to fall off his high horse.

Fox News seems to have evolved on the issue of immigration. How convenient.

TNR collected its best stories from Election 2012, offering a perfect opportunity to slow down and think about what exactly happened in this crazy year.

Poll of the Day

Obama won a slightly smaller margin of the youth vote than in 2008 according to a new Pew survey, a fall from a 66 percent share of voters under 30 to 60 percent, but the fact that he swept the youth vote in all battleground states, and they turned out in similar numbers to the last presidential election means that they were still an invaluable part of his victory. Young voters are also becoming more diverse—only 58 percent white compared to the 76 percent of 30+ voters—which means the Democratic coalition seems to have a foothold on future elections if demographic voting patterns hold steady.